The SEC will hold an Open Meeting on May 25, 2011, to consider whether to propose amendments to Regulation D under the Securities Act of 1933 to disqualify securities offerings involving certain "felons and other bad actors" from reliance on the Rule 506 safe harbor exemption from Securities Act registration. The Commissioners will also consider whether to adopt rules and forms to implement Section 21F of the Securities Exchange Act of 1934 entitled "Securities Whistleblower Incentives and Protection." SEC Meeting Notice.